Boston University Graduate Scholarships and Financial Aid

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Boston University offers financial support to its graduate students. Scholarships and financial aid offered by some of the schools are:

  • Questrom School of Business: Questrom School of Business offers merit-based scholarships at the time of admission to the most highly qualified candidates. Federal and private loans are available to domestic and international students to help cover their tuition/expenses.
  • Frederick S. Pardee School of Global Studies: Frederick S. Pardee School of Global Studies allows students to cover their expenses and also gain practical experience through graduate assistantships with professors.
  • College of Engineering: Boston University's College of Engineering offers a range of College and department-based aid in the form of fellowships, scholarships, and research assistantships. Some of the scholarships include the Engineering Graduate scholarship and the College of Engineering Alumni Master's scholarship among others.

$38,797 Average Amount of Financial Aid Awarded
$43,326 Average Amount of Institutional Aid Awarded

Financial Aid at Graduate School of Arts and Sciences of Boston University


At the Graduate School of Arts and Sciences (GRS) Boston University, the knowledge and skills of MA and MS students are appreciated. The GRS offers different ways to help students financially during their education, such as scholarships, fellowships, and research assistantships, with loans and external funding.

  • It's important to note that the financial aid received by students, is meant to help pay for things that are necessary for their degree, like tuition and the classes. It can't be used for things like buying a sports pass, getting transportation passes, or paying off library fines, or late fees. If you're doing a master's degree, the aid won't pay for classes where you just want to listen but not get a grade such as auditing courses. So, it's important to use the aid for your essential school expenses only.
  • If you borrow money from Boston University for things like tuition, fees, living in their residences, or dining, then they won't give you your diploma, degree certificate, or official school records until you give them all the borrowed money. So, you have to make sure you've paid everything you owe before you can finish your studies and get your diploma or official school papers.
  • When it's time to give back any extra money from the financial help you got, like scholarships or work you did at the school, GRS has a very clear way of doing it for all types of help. They do it the same way for everyone. And if you get financial help from the government, they follow special rules from the government while returning any extra money.
  • Lastly, if you're a Boston University employee, you're not eligible for financial aid from GRS. This means you won't receive financial support from GRS while working at the university.

To sum it up, we can say that The GRS, Boston University helps students in many different ways, but it is also the duty of students to repay the money they borrowed from the university or else they will not be eligible to receive their degree

Financial Aid at The Graduate School of Boston University


Boston University helps its students to pay for their education by offering different types of financial support. such as scholarships and grants, loans, or part-time work on campus. The university's aim is to make sure that each and every student despite being from any background gets to afford a good education. The financial aid office at BU is there to guide students through the process of applying for this help.

Types of Financial Aid Available:

  • Loans: Students can borrow money for their graduate studies from the government which are Federal loans or from banks and lenders which are credit-based loans. These loans are like borrowing money that needs to be paid back later, with this financial help you can get help to cover the costs of your education like tuition and living expenses.
  • External Funding Opportunities: External funding sources are those financial help that can be granted in the form of scholarships and grants from external sources. Students can go for this help if they are in need of financial help.
  • School and Department-Based Aid: The Graduate School give money in the form of fellowships and scholarships, which you don't have to pay back. They also offer work-study programs, where you can work part-time on campus to earn money for your studies. And they have jobs as research assistants, where you help with research and get paid for it.

Total Cost of Attendance: Students are advised to calculate all costs related to their education, such as tuition, BU medical insurance, housing, transportation, and other living expenses when estimating the total cost of attendance.

Satisfactory Academic Progress Policy: The 'Satisfactory Academic Progress Policy' is like a set of rules so that you can use the money you get for school. According to the policy, you can use that money to pay for classes that are part of your degree, and sometimes for special classes you might need before or at the same time. But you can't use it for things that aren't related to your education, like sports passes or library fines, and if you work at Boston University, you can't get this kind of aid for your studies because it's meant for students who are not employees.

Debt and Withholding Policy: If you borrow money from Boston University and do not pay it, then the university might not handle your diploma, your degree, official transcripts, or any other official recognitions. To graduate or leave the university, you have to make sure that you have paid all the money you borrowed from the University.

Refund Policy: If you're getting financial help from the Graduate School of Boston, and then you decide to leave school or take a break after your classes have started, they usually cancel the money they were giving you. For federal aid, the amount you get might change based on government rules. Hence before changing your plans, it's important to understand the rules for aid.

Presidential Scholarship for Undergrads at BU

Presidential Scholarship

The Presidential Scholarship for undergraduates is a prestigious award that recognizes exceptional academic achievement, leadership potential, and a commitment to service, offering outstanding students the opportunity to pursue their educational goals with significant financial support. The Presidential Scholarship at Boston University is a significant merit-based award offered to incoming first-year students who demonstrate exceptional academic achievement. It represents a significant opportunity for academically talented and community-oriented students, offering substantial financial support towards their undergraduate education. Some of its key features are as follows:

  • The scholarship is awarded by the Board of Admissions to recognize and support students who not only excel academically but also show leadership in their schools and communities.
  • Scholarship benefits refer to the incentives given under the scholarship, so under this scholarship, the incentive given is a $25,000 tuition scholarship.
  • The renewability of this scholarship hinges on maintaining specific academic standards and fulfilling ongoing eligibility criteria, ensuring continued support for dedicated and high-achieving students. This scholarship is renewable for up to 4 years of undergraduate study at Boston University.

Selection Criteria of this Presidential Scholarship:

The scholarship is awarded based on:

  • Academic excellence,
  • Leadership,
  • Community involvement.

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